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. >> evan, according to the congressional budget office, the deficit is shrinking and will continue for a while, but it will increase later because of an aging population and expansion of federal subsidies. cbo is predicting that by 2023, ifs continue -- if current laws continue, it will be on an upward path and tell that to your children and grandchildren. >> paul krugman has convinced a lot of my liberal friends that it is okay to kick this down the road. >> he actually used those words. >> terrible idea. it courts all kinds of disasters. sounded -- the interest rate spikes. it takes a long time to fix these problems. sequestration is a crude, ugly tool, but if it had the effect of making people get serious about entitlement reform, it would not be so bad. >> colby, what do you think? >> going back to charles' column, he says that it is the first time since the election the president obama has been on the defense. i don't think that is true. i agree with mark on this, that republicans will bear the brunt of this initially because they are seen as the obstructionists. looking at it in
. >> evan, according to the congressional budget office, the deficit is shrinking and will continue for a while, but it will increase later because of an aging population and expansion of federal subsidies. cbo is predicting that by 2023, ifs continue -- if current laws continue, it will be on an upward path and tell that to your children and grandchildren. >> paul krugman has convinced a lot of my liberal friends that it is okay to kick this down the road. >> he actually used...
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Feb 11, 2013
02/13
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that is 4% of the deficit. we will endanger the national defenses and short change the service men and women overseas for the sake of cutting 4% from the deficit? it is totally irresponsible. >> bill is right that you captain have massive tax reform in just 60 days. it took ronald reagan and tip o'neill and bill bradley a bipartisan bill in 1986, 20 montes to do it. there is things like nascar track owners and wind energy producer and port rehe can rum manufacturers that would more than offset the defense cuts that would be devastating. >> bill wants the president to bail out republicans who made the sequestration deal. >> i want the president to bail out the military. >> but he wants to. >> he is commander in chief. maybe you are not aware of that. >> he is saying let's have a temporary deal to avoid sequestration and republicans are saying no, we have got to protect the rich oil companies and gas companies and we can't do it. >> chris: i will call a little bit of a change here and congressman cotton i want to
that is 4% of the deficit. we will endanger the national defenses and short change the service men and women overseas for the sake of cutting 4% from the deficit? it is totally irresponsible. >> bill is right that you captain have massive tax reform in just 60 days. it took ronald reagan and tip o'neill and bill bradley a bipartisan bill in 1986, 20 montes to do it. there is things like nascar track owners and wind energy producer and port rehe can rum manufacturers that would more than...
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Feb 9, 2013
02/13
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tell that to your kids and grandchildren. >> i am a boring deficit hawk, i say the same thing over and over again. paul krugman has convinced a lot of my liberal friends that it is okay to kick the can down the road. >> he actually used those words. >> terrible idea. it? all sorts of disasters. sudden interest -- it courts all sorts of disasters. it takes a long time to fix these problems. sequestration is a very crude, ugly tool, but if it actually has the effect of making people get serious about entitlement reform and tax reform, it would not be so bad. >> colby, what do you think? >> going back to charles' column, he said this the first time since the election the president obama has been put on defense. i don't think that is true. i agree with mark, the republicans will bear the brunt of this initially, because they will appear to be the obstructionists. looking at it in sheer political terms is the wrong way to look at this. this would have merkel implications if the economy tanks as a result of this -- global implications if the economy tanks as a result of this. >> you think th
tell that to your kids and grandchildren. >> i am a boring deficit hawk, i say the same thing over and over again. paul krugman has convinced a lot of my liberal friends that it is okay to kick the can down the road. >> he actually used those words. >> terrible idea. it? all sorts of disasters. sudden interest -- it courts all sorts of disasters. it takes a long time to fix these problems. sequestration is a very crude, ugly tool, but if it actually has the effect of making...
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Feb 10, 2013
02/13
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which is less than the projected deficit for the year. i mean, the bottom line, congresswoman, is, you cannot raise taxes enough to solve the deficit problem. >> nobody is saying that. we are saying it has to be balanced. now on the subject of the high end we are not talking about raising rates. we did that. reeliminated the high end tax cuts of the bush years which only increased the deficit, and didn't create jobs. we kept the low income tax cuts and the -- what we have in our proposal, that comes from our top democrat on the budget committee is to say we'll eliminate subsidy and it gives us a lot of money, eliminating the subsidy for big oil. we also have the buffett rule which says all of the high income people will pay a minimum of -- -- >> raising tax on the wealthy. >> no, you are saying they should pay their fair share, which is 30%, which is lower than 39.6, which is the rate -- the bracket they are in. >> chris: but you say, if they have a deduction... >> take advantage of so many loopholes. >> chris: deductions on the books. th
which is less than the projected deficit for the year. i mean, the bottom line, congresswoman, is, you cannot raise taxes enough to solve the deficit problem. >> nobody is saying that. we are saying it has to be balanced. now on the subject of the high end we are not talking about raising rates. we did that. reeliminated the high end tax cuts of the bush years which only increased the deficit, and didn't create jobs. we kept the low income tax cuts and the -- what we have in our proposal,...
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Feb 10, 2013
02/13
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he sold them a bill of goods and what they got back is medicare part d, ballooning deficit and crisis that devastated the country. a failed war in iraq that it was ill-advised to put it mildly and now, the coocoo's nest as he cullty mated to in -- cultivated to win elections in 2000 and 2004 think they're in charge and not going to listen to him saying they're not. >> what was the big thing with karl rove? did he start a war to celebrate the tax cut or have a tax cut to celebrate the war? he put it all together, joy put it right. i forget to mention the prescription drug thing thrown in without financing it. >> right. he did do a great job you know, mobilizing and energizing the right wing base to get behind bush and he and the others did a great thing in the last few years under barack obama getting them together by demonizing barack obama and went on the fringe. >> he went on fox to defend himself and profess his love to the tea party. trying to trash can these people. let's watch. >> i repeat, we spent $30 million for tea party senate candidates and $25 million, there's no group th
he sold them a bill of goods and what they got back is medicare part d, ballooning deficit and crisis that devastated the country. a failed war in iraq that it was ill-advised to put it mildly and now, the coocoo's nest as he cullty mated to in -- cultivated to win elections in 2000 and 2004 think they're in charge and not going to listen to him saying they're not. >> what was the big thing with karl rove? did he start a war to celebrate the tax cut or have a tax cut to celebrate the war?...
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. >> we have massive deficits, a big tax increase that no apparent willingness to get government off people's backs by reducing government spending, and all of that is a heavy, heavy weight on the private sector. firms around the nation are sitting on cash instead of creating jobs. >> reporter: on wednesday the commerce department announced economic growth actually fell to a-10% the last three months of last year, the chairman of the president's council of economic advisers says other indicators remain positive. >> consumer spending increased. business investment. residential construction. >> reporter: the jobs report showed a larger number of people dropped out of the labour force th down jobs. a former administration economist says some of that is to be expected. >> the population is aging, so we expect to have a fair number of people retiring every month for the next ten years or more as the baby boomers retire. >> reporter: the conference board reports a sharp increase in the number of older workers considering delaying retirement, which could make it more difficult for young peo
. >> we have massive deficits, a big tax increase that no apparent willingness to get government off people's backs by reducing government spending, and all of that is a heavy, heavy weight on the private sector. firms around the nation are sitting on cash instead of creating jobs. >> reporter: on wednesday the commerce department announced economic growth actually fell to a-10% the last three months of last year, the chairman of the president's council of economic advisers says...
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Feb 10, 2013
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we ought to be making sure we manage down the debt and deficit. he doesn't share the commitment with us on that. so, okay, we're going to keep at it on that, but at the same time, you've got so many millions of americans who feel that they have become an afterthought. my purpose in saying this is we have conservative principles that actually can work for their life again, and that's what we're going to be about promoting. >> before you go, i want to ask you about the debate over drones. as a key part of the president's national security policy, why hasn't congress passed any additional legislation to review drone policy, to really understand where there ought to be checks and balances? in the time that's passed since the original authorization, post 9/11, that gave the president the authority to have a kill list that the president works off of for drones? >> i'm glad to hear that the administration has released the memo that is under discussion to our intelligence committees in both the house and the senate. we're going to be about oversight and g
we ought to be making sure we manage down the debt and deficit. he doesn't share the commitment with us on that. so, okay, we're going to keep at it on that, but at the same time, you've got so many millions of americans who feel that they have become an afterthought. my purpose in saying this is we have conservative principles that actually can work for their life again, and that's what we're going to be about promoting. >> before you go, i want to ask you about the debate over drones....
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Feb 9, 2013
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he sold them a bill of goods, and what they got back was medicare part d, a ballooning deficit, and a financial crisis that devastated the country, a failed war -- a war in iraq that was ill-advised to put it mildly, and now the cuckoo's nest who he cultivated as the ground troops, the shock troops to win elections in 2000 and 2004, they think they're in charge and they're not going to listen to him saying they're not. >> what was the big thing with karl rove? did he start a war to celebrate the tax cut or have a tax cut to celebrate the war. i mean, he put it all together. joy put it right. i forgot to mention the prescription drug thing thrown in without financing it. >> right, right, right. and, you know, he did do a great job in the ots mobilizing and energizing the right wing base to get behind george w. bush, and then he and others did a great job in the last few years under barack obama of energizing them by demonizing barack obama and pushing them to the fringe. >> rove went on fox last night to defend himself and to profess his love for the tea party. what is he up to? he's t
he sold them a bill of goods, and what they got back was medicare part d, a ballooning deficit, and a financial crisis that devastated the country, a failed war -- a war in iraq that was ill-advised to put it mildly, and now the cuckoo's nest who he cultivated as the ground troops, the shock troops to win elections in 2000 and 2004, they think they're in charge and they're not going to listen to him saying they're not. >> what was the big thing with karl rove? did he start a war to...
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Feb 8, 2013
02/13
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we should care about the deficit. we should care about the difference between what a government spending and what a government is collecting in revenues. extremely important to we should also to about the size of government. we should care about both i. and what we have done over the past several years is we have a limited concerns about the deficit. we have done that to a large extent by increasing the size of government and the tax burden to get bigger, is the fewer resources there are for california dems and california businesses to do what they want to do with them. and so you've got to take both of those into account. and i think that one of my concerns is, if we simply say deficits are not a problem, everything is better, what we are ignoring is that other dimension because in reality what happens, the policymakers are making to decisions. wonders whether they're deciding about deficits or surpluses. they're deciding are going to borrow from our state's future income. but when a decision on the size of governmen
we should care about the deficit. we should care about the difference between what a government spending and what a government is collecting in revenues. extremely important to we should also to about the size of government. we should care about both i. and what we have done over the past several years is we have a limited concerns about the deficit. we have done that to a large extent by increasing the size of government and the tax burden to get bigger, is the fewer resources there are for...
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Feb 10, 2013
02/13
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the debt and deficit problem is also a problem of economic growth. we don't have too many economic problems that a few extra points of gdp growth wouldn't solve. the economy is sort of okay, improving. housing is coming up. the stock market is doing well and manufacturing is coming back to life. if we can get the economy moving in a positive direction that will help with the debt and deficit and other issues. i want to hear concrete proposals for creating jobs and expanding the economy. >> how do we get there? you've been in washington, you're an independent. the parties are like this. >> no kidding. >> did you expect it to be that bad? >> i didn't have any illusions but there are a few signs of hope. negotiations on the filibuster rule change. didn't get as much as i want but that's compromise. a bipartisan serious discussion on immigration. i don't think we expected that. let's hope there's positive movement. but yeah, the warfare is still a big part of the deal. >> it's on both sides. the critics accuse of president of my way or the highway yet jo
the debt and deficit problem is also a problem of economic growth. we don't have too many economic problems that a few extra points of gdp growth wouldn't solve. the economy is sort of okay, improving. housing is coming up. the stock market is doing well and manufacturing is coming back to life. if we can get the economy moving in a positive direction that will help with the debt and deficit and other issues. i want to hear concrete proposals for creating jobs and expanding the economy....
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their mouths shut until a democrat came into the white house and then they could start screaming about deficits so today and simplified form many democrats and democratic party supporters are faced with a pretty stark choice on this issue of using drones to kill american citizens without trial something that our democratic president has done three times that judge jury executioner you support your party and its leader right or wrong. or do you support the constitution. now for more on this i want to bring in mike papen tony attorney and host of ring of fire radio mike welcome back. great john ball crazy john ball below the top of the u.n. building off john ball says that this is consistent that the obama policy is a good thing and that it's been a consistent extension of the bush policies shouldn't john bolton support of it scare the hell out of the rest of us karl rove's support of that yesterday so that's really no surprise i think the reason that this is going down so easy for so many americans why you have americans say of course we just need to use drones at every chance we get to assassin
their mouths shut until a democrat came into the white house and then they could start screaming about deficits so today and simplified form many democrats and democratic party supporters are faced with a pretty stark choice on this issue of using drones to kill american citizens without trial something that our democratic president has done three times that judge jury executioner you support your party and its leader right or wrong. or do you support the constitution. now for more on this i...
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Feb 5, 2013
02/13
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he's a great generator for deficit. there's a lot of talk of taxes and so forth. that is a job in the pocket if you look at the real driver of our deficit and debt of unfunded liabilities are entitlement programs. to say the things we have to reform. the only party that's meeting after has been the republican party. your highness pasty pledges to do with medicare's. the senate democrats haven't passed a budget in four years. >> host: what does it say that ronald reagan is the point of reference in the party? >> guest: it shows that a huge monumental figure he was. not just what he did in the world, but to the republican party. he fundamentally reshaped the republican party in lots and lots of ways and this time has gone on, he's grown in the imagination of the republican party and he should. he was one of the great presidents of the 20th century. there's a lot to learn both in terms of principle stands in terms of countenance and tone, the way he carried himself. he was a man of extraordinary grace and dignity. he was really by his opponents and never returned in
he's a great generator for deficit. there's a lot of talk of taxes and so forth. that is a job in the pocket if you look at the real driver of our deficit and debt of unfunded liabilities are entitlement programs. to say the things we have to reform. the only party that's meeting after has been the republican party. your highness pasty pledges to do with medicare's. the senate democrats haven't passed a budget in four years. >> host: what does it say that ronald reagan is the point of...
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Feb 6, 2013
02/13
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we believe there is a better way to reduce the deficit, but americans do not support sacrificing any real spending cuts for more tax hikes. the white house believes house republicans, who have warmed up to the idea of letting the sequester take effect, may get a wake-up call as they continue to see those -- the economy contract, that the fourth quarter numbers will be a wake-up call. the president pointed out yesterday that those cuts in defense spending caused the economy to shrink at the end of 2012. >> we've been reminded that while it's critical for us to cut wasteful spending we can't just cut our way to prosperity. deep, indiscriminate cuts to things like education and training, energy and national security will cost us jobs. >> new numbers from the congressional budget office may provide some ammunition. the cbo projects the economy will grow at a measly rate of 1.4% this year and 3.4% next year. the cbo forecast is correct, 2014 will be the sixth consecutive year with unemployment above 7.5%, but expect to hear from republicans about another big number in that report, and alt
we believe there is a better way to reduce the deficit, but americans do not support sacrificing any real spending cuts for more tax hikes. the white house believes house republicans, who have warmed up to the idea of letting the sequester take effect, may get a wake-up call as they continue to see those -- the economy contract, that the fourth quarter numbers will be a wake-up call. the president pointed out yesterday that those cuts in defense spending caused the economy to shrink at the end...
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Feb 12, 2013
02/13
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deficits. i think we know he's going say we're not going to increase deficits. this won't cost the american people a dime. how do you do big programs without costing anything? doing that either suggests you're going to make serious trade-offs cut somewhere else to spend here or do small symbolic stuff. >> woodruff: the white house is already putting out some advanced text saying that these are things... some of the things he wants to do are not going to cost the taxpayers anything. both of you have mentioned the inaugural address. we hear from the white house that the president is not just talking to the members of congress in the chamber. he's talking to millions of americans who have everything at stake. >> you could say to some degree the audience is the 48% who did not vote for him. in the sense that what he says to them. but really the true sense tonight is the people who are listening are those who support, admire and identify with the president. that's the case with every state of the un
deficits. i think we know he's going say we're not going to increase deficits. this won't cost the american people a dime. how do you do big programs without costing anything? doing that either suggests you're going to make serious trade-offs cut somewhere else to spend here or do small symbolic stuff. >> woodruff: the white house is already putting out some advanced text saying that these are things... some of the things he wants to do are not going to cost the taxpayers anything. both...
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Feb 5, 2013
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to pay down the deficit, and potentially to make our businesses more competitive. now, i think this balanced mix of spending cuts and tax reform is the best way to finish the job of deficit reduction. the overwhelming majority of the american people, democrats and republicans as well as independence, have the same view, and both the house and the senate are working towards budget proposals that i hope reflect this balanced approach. having said that, i know that a full budget may not be finished before march 1st and unfortunately, that's the date when a series of harmful automatic cuts to job creating investments and defense spending also known as the sequester are scheduled to take effect. so if congress can't act immediately on a bigger package, if they can't get a bi bigger package done by the time the sequester is scheduled to go into effect, then i believe that they should at least pass a smaller package of spending cuts and tax reforms that would delay the economically damaging effects of the sequester for a few more months until congress finds a way to repla
to pay down the deficit, and potentially to make our businesses more competitive. now, i think this balanced mix of spending cuts and tax reform is the best way to finish the job of deficit reduction. the overwhelming majority of the american people, democrats and republicans as well as independence, have the same view, and both the house and the senate are working towards budget proposals that i hope reflect this balanced approach. having said that, i know that a full budget may not be...
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their mouths shut until a democrat came into the white house and then they could start screaming about deficits. so today in simplified form many democrats and democratic party supporters are faced with a pretty stark choice on this issue of using drones to kill american citizens without trial something that our democratic president has done three times that judge jury executioner do you support your party and its leader right or wrong or do you support the constitution. now for more on this i want to bring in mike papen tony an attorney and host of ring of fire radio mike welcome back to great john bolton crazy john ball below the top of the u.n. building off john ball says that this is consistent that the obama policy is a good thing and that it's been a consistent extension of the bush policies shouldn't john bolton support of it scare the hell out of the rest of us karl rove's support of that yesterday so that's really no surprise i think the reason that this is going down so easy for so many americans why you have americans say of course we just need to use drones at every chance we get to
their mouths shut until a democrat came into the white house and then they could start screaming about deficits. so today in simplified form many democrats and democratic party supporters are faced with a pretty stark choice on this issue of using drones to kill american citizens without trial something that our democratic president has done three times that judge jury executioner do you support your party and its leader right or wrong or do you support the constitution. now for more on this i...
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Feb 4, 2013
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if we are not out of the deficit that we lost. in terms of the system being skewed, if we are continually supporting a system where jobs go to the already employed and we are really not doing anything to foster the economic recovery that is going to benefit everyone in society, none of these laws and nothing that the national employment law project is advocating for says you have to fill open jobs with unemployed people. what we are saying is that qualified unemployed people should be allowed to compete on terms that are fair. that is good for all of us in an economic recovery. host: baltimore, md., just retired, go ahead. caller: i would like to say one thing before i say my question. i love c-span and i always want to make it through on a phone call and i am glad that i made it through. that being said, and by the way -- go ravens, we won the super bowl. my question is this. i live in baltimore city. the unemployment rate in baltimore city is unbelievable. the problem that you have is that not only are so many people unemployed,
if we are not out of the deficit that we lost. in terms of the system being skewed, if we are continually supporting a system where jobs go to the already employed and we are really not doing anything to foster the economic recovery that is going to benefit everyone in society, none of these laws and nothing that the national employment law project is advocating for says you have to fill open jobs with unemployed people. what we are saying is that qualified unemployed people should be allowed...
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the economy, jobs, and the budget deficit are at the top of the list for budget concerns. legal immigration and strengthening gun laws ranks 17th and 18th respectively. the new strategy may reflect a decision to strike while republicans are on their heels and plagued by internal conflict. for the third year in a row, the gop will not present a unified front in their response to the state of the union. in 2011 when the republican party chose paul ryan to give its official response, the tea party issued its own rebuttal. >> instead of cutting, we saw an unprecedented explosion of government spending and debt. it was unlike anything we've ever seen before in the history of the country. >> last year a gop response by mitch daniels had competition from the herminator. >> in a word i heard the speech, and it came across as a hodge podge of little ideas. >> this year senator marco rubio will deliver the republican response, while rubio was once the standard bearer for the tea party, the group is still opting for its own rival rebuttal from the man who said this after the past ele
the economy, jobs, and the budget deficit are at the top of the list for budget concerns. legal immigration and strengthening gun laws ranks 17th and 18th respectively. the new strategy may reflect a decision to strike while republicans are on their heels and plagued by internal conflict. for the third year in a row, the gop will not present a unified front in their response to the state of the union. in 2011 when the republican party chose paul ryan to give its official response, the tea party...
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i believe the american people understand that, yes, we need to reduce the deficit, but it shouldn't just be on the backs of seniors. it shouldn't just be on the backs of young people. >> professor, do republicans not realize that they are protecting the interests of massive oil companies and their profits and potentially throwing the poor into abject poverty? >> if they look at the data and look at the facts, i would say they would absolutely have to acknowledge that. you know, this is kind of a tricky situation, right, because the sequester was never meant to be put into policy. it was meant to sort of threaten politicians to make policy that could be more efficient and a little bit more balanced. a lot of people criticizing this president would not working on behalf of the poor or defending the poor. when you look at the draconian cuts you just listed at the beginning of the segment, those things all attack and undermine the economic and food security of poor people in this country. what's interesting about this whole sequester piece though is that the kind of cuts that we actually nee
i believe the american people understand that, yes, we need to reduce the deficit, but it shouldn't just be on the backs of seniors. it shouldn't just be on the backs of young people. >> professor, do republicans not realize that they are protecting the interests of massive oil companies and their profits and potentially throwing the poor into abject poverty? >> if they look at the data and look at the facts, i would say they would absolutely have to acknowledge that. you know, this...
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. >> the fact is though, we can't finish the job deficit reduction through spending cuts alone. >> yes, we can. [ laughter ] >> we can. >> john: now, that is romance. before we go tonight. one more look at the radar on the scene from boston as the huge storm is getting ready to wrap you up. expected to dump as much as 3-foot
. >> the fact is though, we can't finish the job deficit reduction through spending cuts alone. >> yes, we can. [ laughter ] >> we can. >> john: now, that is romance. before we go tonight. one more look at the radar on the scene from boston as the huge storm is getting ready to wrap you up. expected to dump as much as 3-foot
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Feb 6, 2013
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the deficit's going down. this year alone, medicare, medicaid, social security and interest on the debt consumes every dollar that washington takes in. this is such a crisis, and it's growing. >> well, this whole idea that don't worry about the debt, you had a little tangle with the krugman a couple of weeks ago. this exposes how wrong the view is. don't worry about the debt because the debt has built to a large number what the congressional budget office is showing is that we're going to be paying a lot of money on that debt, and it's going to crowd out vital public services. and that's why we had to worry about the debt all along. and we didn't. now it's built up. now we're facing reality. i thought it was a little odd. the president said, well, we have to do something, but he didn't offer anything to do because the main part he played was two months ago, he said, let's make the tax cuts permanent, both sides, and now we see, well, you can't afford that. >> you talk about paul krugman -- >> that's what they
the deficit's going down. this year alone, medicare, medicaid, social security and interest on the debt consumes every dollar that washington takes in. this is such a crisis, and it's growing. >> well, this whole idea that don't worry about the debt, you had a little tangle with the krugman a couple of weeks ago. this exposes how wrong the view is. don't worry about the debt because the debt has built to a large number what the congressional budget office is showing is that we're going to...